Loan Census Banking News and Information
December 26, 2024  
 
 
  Business Loan Information  
 

Rosemead, California SBA Banks

 

 
Loan Census SBA Loan Info

Rosemead, California Bank Lends Money to Women's And Misses' Suits And Coats Company in South El Monte, California

Get to know Rosemead, California banks that specialize in business loans and know how to work with entrepreneurs. United Commercial Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in South El Monte, California starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from United Commercial Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S AND MISSES' SUITS AND COATS
SOUTH EL MONTE, CA 91733

SBA Loan Lender

UNITED COMMERCIAL BANK
8632 E VALLEY BLVD
ROSEMEAD, CA 91770

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2337 - Women's and Misses' Suits and Coats

Loan Approval Date

1/21/2000

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $105,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. The SBA loan application for the borrower indicated that the loan would help retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Role of Business Plan When Raising Money

SBA 7A Banks for Rosemead, California Loans

Getting an SBA Loan in California